Show — A f THE SALT LAKE TRIBUNE Wednesday June r A Indua IS Raj a 15 I tns SO Tola a SO PRODUCE MARKET Financial Paper Hits Decision On Basing Point Prices duatry Little did the editors and com mentatora who acclaimed the de- cision as “assuring competition” reaiiza how completely the decision could affect every citizen and every consumer product if carried to it limit of interpretation Perhap the simplest illustration are contained in the following excerpt from the Wall Street Journal: "Wallc into a drug store in New York Chicago or San Francisco In any of these you will find that the maximum price of a package of cigarets a box of aspirin or your favorite candy bar are the same exclusive of any local taxes Or indeed slide a letter into the nearest postbox The United States postal aervice will deliver if from New York to Newark N J across the river for the'same priced stamp as from New York to Oklahoma City These Instances are just some of many factors that have this in common The supplier of goods or services is absorbing extra transportation costs for some of its customers That is the supplier does not get the same return for himself from all customers He nets more from nearby sales than from more1 distant ones But all the customers are oa'the same basis "What the court seems to have aaid is this: A manufacturer must set a price on his product at his place of business usually the factory The price to any customer wherever located Is then the set price plus freight from factory to customer In other words the manufacturer must get the same return from all his customers or else he is ‘discriminating’ "The effect of this would be tremendous If carried to its logical end every item in consumer goods from toothpicks to washmg ma- CORPORATION IlM '81ml r t 92 tcori 86c $5c CtieeM Twentv-fou- r 47c 12-I- t pound triplet a loaf 49c 46c longhorn NEW TORK June 1 (UP) — Produce: Dressed Poultry — Quiet —Quiet Live Poultry Cheeaa— 8'eadv jingle daisies 49 47 60c l&a Market — Steady Butter— 293 Xggs — 9723 rases Mark — Steady CHICAGO June 1 UP — Produce: Poultry —Od car 23 trucks bens steady chickens firm Chrese— Twfnj 444k45 single daisies Swiss 65 &Hc 46H47Hc Butter — 787 614 lb the market steady Egga— (Brown and white mixed) case th market steady 5--lb de-rpa- nd STOCK MARKET QUOTATIONS NEW YORK STOCKS DOW-JONE- Bales in $I00s High Low I Closl Chg 22 I— H 29 2241 22 Adams Exp 4k 16 26U1 26 Air Reduc 26441 4 15 3HI Alleghanv 1 193 Al ChADei '193 1193 21 36’! 364k 363e Allied Sirs h 11' 414k! 41 41 Mfg1 36 Am Alrlme1 9HI- 9Hl 6 88HI 87 Am Can 8SHI 1 Vk 5 Am C A F 47AI 20 2014-6 Am Cr Rug 3 41 Am Distill i 41 (41 3k Am Ioco 25 25Hle It Am P A Lt' 2V 254kj 10 10 7 H 16 4 Am RAStH' 1611 16SI Am 8mR 12 68 67 67 Wi Am T 4 Ti 42 157V 1571 157 Vi i Am Vlaoae 69 H 70 13 70 x 71k!- Am W W kj 4' 8 ' 7Hi Am Woolen' 23 52 H 5111 52 Anaconda 30' 40HI 4011 401 161 14 H 14HI 14V 24 114 1 112 V 114 1118 X 2 59 C Line 59 59 5 27 31 23 H 23 7k ts Cor pi o Mf 7 25 67 671 S Loco 20 16SI 1 6 H 16S t A O j 6ii i5m 26 42Vt 41V 6 13 13 11' 364 36V 271 37 36 51 36 36 24 26i 5V Co 8 43V 43 8 64 64 41 9 9V 4! 11 H 1 1 V4 V 5' 35 34 34 H V 13! 11 H 1 1 H 11 H 2 37 H 37V 37 T 26 17H! 17i 1761 4 37 4 37V 'alif Pack1 37 HI I— V 7 all 2 2 D a Ale6 14 14HI 1441- - V 17 HI 174! Paci 1041 18 I I 3I ( I ( Ali-C- 9ii 47! 20' I 3 47je l I I I I 11! I f 2l : I 1 V ! V 7 V GilCrwdl il Tuesday's ftpsl4 twnd salss 3 472 ono 470 000 week aso dir poo- - year ago 2 880 OOO two vran 4 004 300 Jan 1 to ds's revleed I" 397 493 star 80 643 985 its000 450 523100 two year sis Dow 71 15 a N Am I I CIom Pb Dod ge Phil £iec Phi'co Phil Morris Phlll pet PI m 9i 7 ( Oil l Roal Tj pel Safeway 7 7 I St Jo Lead! Sohen Dia Sears Ftoeb Ref seger Serve! Ine StJv K Coal Simmons C Sinclair Oil Chanre up 0 44 up 07 Up 08 off 0 13 New flight schedule for planes Mont and Denver were announced Tuesday by Challenger Air Lines Co through William' R Crismon operations manager Salt Lake City effective The new schedule follow: Salt Lake immediately City to Billings leaving 7 am arriving 11:24 am Billings to Salt Lake City leaving 1 :30 pm 6 pm leaving 630 am arriving 11:40 am arriving Salt Lake City to Denver leaving 2:45 pm arriving 7:10 pm leaving 6:30 pm arriving 11:30 pm Denver to Salt Lake City leaving 87 pjn arriving 12:05 am am arriving 11:40 am leaving to and from Billings BUILDING PERMITS lairrenee ardall add to store Eait 51500 260-13- th Albert Graendell remodel and add to garage 659 E 2nd South 51000 C W brick Iyoa four-roohouse 1229 Crandall ave S6000 James E Allred four-roobrick house 1519 Kensington ave 55400 Erwla T Reyer cement block garage 2613 Elm ave 51000 brick Rey Rhnemaker five-roohouse 537 Colorado t 58500 Marine J Cele four-rooframe house 1839 Stratford ave 55000 Themes T Kemp house 2505 Chesterfield at S1500 Theyae Acerd house 1265 Gunn m ave aervice station 510000 Delbert Hlnnen three apartment 5 7 and 9 Columbia ave Murray 52000 i 35 05 5 5iys! 101 3a LIVESTOCK MARKETS 4 1 1 101-25- V! 2581-- 2 i 30Vsi 48841 20Vt 2hr 301 494s 20Mt-1- 6 16MI-55- Mi lbS! 548l 54 21H 221 2JH -38 37ai 37H 29ii 29V 29V-7- 4 Hi 71 Hi 7 4 84 t Va v a a 2 2 I t 2 12HI 12HI 21HI 21V 21V-1- 5 HI 14 HI 15 81-311 Hi 11 Hi 11 0 Hi 29 Hi 298 7 I 37 H 27 H 20 H 57 HI 33 HI 1 0029 3 37 4 26 H 26HI-- 1 20 H 57 H' 57 Hi 32 HI 32 V-4- 1 Hi 41H 41 11 H H H 11 H 20if d '0 e -- 7 12 - 24 11- 7081 83’ in3 m 1 ' H V4 10S 4 ’ 221 421 V 64 221163 43V 10 V - I i Vp V 1 high-goo- ’ I Cl Trl-Co- nt - 20th Undrwood lTn Carbidej Vn O Call t’n Pacific! t ntd Air 11 Untd Aircr do pfd Untd Cori Untd Fruit! U S T Inet US PA F t S Rubber! 7 I d es I l!110illl08'110HI 3 3 3i '8 841 241 54' 5441-2- 8 55 V 1 8 H 1 8 19 51 i li 51 v 10 46’' 46il12 5811 57 84' 57 HI- 79V ' 71 80 79 2 22V 2211- 22’ 1 35 351' 35 I I sravc ra U S steel ansdium V 0012 i©" A 28il-1- 1 10 4 ’ 63 23 11 63 63’ 4311 10 9' 64 V 1 37 15 b n 4 58-- Insurance Agent’s Service Honored Upsurge in Market Stems From Price Chart Data b - 261' anfic Utahns to Join Denver Meet TRADE WINDS 0020 l i MANILA Wednesday June 2 lumber producers Utah interest currently centers on beginning June 4 may export Scandinavian and the low coun- half their output instead of the Pres Elpidio tries especially Amsterdam and present 20 Quirino announced Wednesday Copenhagen Both United and Western Air Local lumbermen said they were Lines continue to have heavy going bankrupt under the 20 travel to Honolulu Western ar- limitation imposed to retain mafor domestic rebifilding ranges European connections for terials Don Ramon Roces one of the passengers from northern and islands largest producers qaid southerly air transfer points but bulk of her requests are to Can- that John Grover former Associated Presa bureau chief in ada Mexico and the Pacific now is setting up an Manila Child Paul F district manager agency for Philippine lumber of American Express Co which on the U S west exporters arranges both steamship and air coast probably at Portland Ore transportation overseas said Roces said much timber prosteamship reservations cabin and duced in the Philippines is hardtourist class for popular vacation wood desirable for export but months June and July are booked not suitable for general building accoma year aJiead Steamship purposes here modations first class were "somewhat easier” to make With destruction and conversion of passenger liners of all nations during the war present steamship facilities are only about 50 of prewar said Mr Child With the exception of Alexandria which is served by steamship African ports can be reached only by freighter Twelve rail traffic managers and it is difficult to get accom- and business officials from the modations to South Africa Salt Lake area will attend the On the other hand “fairly good 57th annual meeting of the Cen service exists to the Orient and cabin reservations to Hawaii are tral Western Shippers’ advisory easier to obtain than to Europe board Thursday and Friday in Space to South America is freer Denver Omar O Victor chairman than across the Atlantic but high- Utah division announced Tuesest demand is for the crowded day ocean lanes to England and Rail car conservation methods of avoiding loss and damage to materials and national legislation pertaining to shipping wrill be discussed The following states will be represented: Utah Idaho Colorado Nebraska Iowa and parts Twenty years of service with of Oregon Hartford Fire Insurance Co and Those attending from the Salt Hartford Accident and Indemnity Lake area include Mr Victor Co were recognized at a party H L Love manager Security Tuesday for T E Ford 1934 Wil- Warehouse Commission W G son ave special agent for the Koplin traffic manager Salt Lake Hardware Co H H Ellsworth companies smee 1928 Mr Ford was presented a gold executive secretary Utah Citizens’ pin by F J Kennard in charge Rate Assn E L Fisher traffic of claims during a brief ceremony manager Sugar Amalgamated in company offices 305 Darling Co Ogden H J RiggerL assistant traffic manager Denver and bldg Rio Grande Western Railroad Co R O Burkhardt general agent Illinois Central Railroad Co Colorado River Maps Thomas Murphy general agent Chicago-Roc- k Island and Pacific Readied by Survey Railway Co C A Lauby repreA new map of a part of the sentative Association of AmerA K' McNeill Colorado river and its tributaries ican Railroads in Utah and Colorado la now t r a n s p o rtation superintendent available for purchase from the Union Pacific Railroad Co H W Geological survey Washington Ansell traffic manager Utah-Idah- so D C Ralf RumelAVoolley engiSugar Co and T H Perley-witneer Salt Lake cSty office andistrict traffic manager nounced Tuesday Kennecott Copper Corp (V) — Philippine NORTH S4LT LAKE June 1 19S1 total 777 market Cattle 1066 th rou Kb 138 direct price steady th medium rraas cattia shewing some ength over last week s eloaa no rood leers or heifers offered one lot of medium heifers brought 25 00 ith common kind from S 21 00 Gt 23 00 no good calves offered quoted $210023 00 medium kind $17 OO 4? 19 50 cutter and common $16 00 ®17 00 bulls weaker $23 00 good 24 50 with odd head up to $25 50 good to choice veal brought $3300 with medium going from $28 00 9 30 00 tew atock cows and calves brought $210 a pair good stock steers quoted $26 00 2s 00 with 00 $23 good stock calves 6666 total 109 market 6156 Hogs 401 direct weak ot 50c lower through rood to choice 180 to 240 lb butchers $24 OO ? 24 25 240 to 260 lb 23 25 260 to 280 lb $22 OO dp 22$21004$ 25 280 to 300 lb $21001 25 300 to 3 0 lb 0 25 3 10 to 360 lb $19 000 19 25 hoes over 3bO-l$1 S 00 iff1 1 8 25 choke IJgntweight sows $17 00 300 to 450 lb $15 00- over 4 50-l$14 00 2944 total 22 markets 2888 bheep: through 34 dirart orices steady onmltad supply good and choice tmctted-llambs quoted $26 00 27 00 with spring to choice old crop lambs up to $25good 00 medium and good old crop lambs $22 00 24 OO rood and choice trucked-t- n Siaurh-te- r ewes $10 00 with medium kind By LOU SCHNEIDER $7 00 10 00 OGDEN June 1 fUfl DAT —Cattle — NEW YORK June 1— There are salable receipts 1600 quality less desirab'e thaji a week ago two ways to play the stock marrenerally but all r'asse showing lower trends fed ket for profit: (1) on business Steers and heifers 50e to £1 lower cows knowledge (2) on price charts 50c or more loser bulls to $2 lower vetlers steady to $1 lower $igood to choice which is like a system to beat the Stockers and feeders steady others weak el at a fair Sometimes bulk average to high rood fed steers spin-whe$28 OO ©28 60 few $297)0 29 25 me the technicians hit pay dirt It’s dium to good $23 00 27 00 common on price-cha- rt reading that the cart $18 00 9 22 00 loads heifers $28 00? 28 50 bulk low to aver- market haj been going up over the age good $25 00 27 50 : medium $2100 several weeks But that ki 24 50 common $18 00 20 00 good past cows $21 00 tr 23 50 medium $18 000 doesn’t guarantee success 2150 cutter to common S15 50a 17 50 indusThe accepted Dow-Joncanneri tf1 $15 00 down good beef bulls odd $2 i 00 24 50 head 24 points outstanding trial average spurted $25 00 medium to good sausage quality 1946 to bulla common $21 50 2 t 50 $2100 from 161 m October down hulk good and choice vealera 185 in 1947 and then February 00 32 00 odd strictly choice $13 00 $28 hr 34 00 common to medium $20 00 ti lost it all in a few months The 27 00 culls $19 00 dowi several loads same thing happened to the choice feeder steers $27 35 good few good stock calves $24 004v26 50 spurt from 162 in May to one load medium stock 187 in $2t 00 ft 26 25 July 1947 Thus twice the cows $17 50 around six carloads stock it could happen calves and eows $195 00 4? 230 OO a pair boom collapsed 150 again Hogs— allma ted salable receipt sows on 25c lower butchers mostly good and choice 180 to 240 lb sesdy Congress is planning to tax the butchers $24 00fh24 25 240 to 260 Ibe $23 00 23 25 260 to 280 lbs $22 00 profits of nonresident alien traders 6 22 25 280 to 300 lbs $21 OO 21 25 who cleaned up neatly in com300 to 330 lbs 20 004 20 25 330 to modities — about 8100000000 And 9 00 tr 19 25fc sows largely 360 lbs $14 50 r 1 5 50 choice lightweights $16 00 they did easily as well in real f16 50 medium quality medium $14 00 estate and probably as well In and below salable receipts furs They sure did L securities Fbeep — Estimated 4500 soring lambs weak to 50e lower: But the tax they will pay will be four doubles good and choice 92-iIdaho lambs $27 OO odd head good and stirctly on profits gain — a flat spring choice nst'ves odd yearlings 25 $27 50 Well it should be higher $21 00 few nativa shorn awes $1100 (Utah-EfiDA)- v V 58MI 56V -68 Ml 68 H 33 H 38 H ‘ V 23 H 24 - 2 1 35 H 136 48 Hi 4 8 H I— A V 38 Hi 38 H 39UI 1 'l-3i I 400 000 51i' V 46' ’A I I aljfrn Co V ' 10-0- 25-poi- nt 2528 Total tiy k aalra Turadav 1300 000 aharr prrvlou dav 1 240 000 rk aao 1 810 190 yrar ito 685 550' two yrars am 1 207740 Jan 1 to data 138 693-29two year 109 095 036 var — Cattle but that’ better than nothing DENVER Juna 1 a (to 175 521 091 Salable 4600 total 6600 Calves Salfed able 300 total 500 Around 53 5 cows steers 15 stockers: steers Tips for Business some CHICAGO GRAIN held steadv but opening higher: choice $32 00 4J 33 25 heifers If you are planning on visit— IVaather waa low to high CHICAGO June 1 to 25c higher 2 loads choice of topmost Importance (API at Tuesday a board strong ing Washington to get some of $32 15 new record other good to choice of trad session Traders discounted other $3T OO © 32 OO other slaughter classes that European recovery busireports and were influenced almost around steady but little done medium ness here’s a Wall street tip: by tha proftrass of crop to cows good 2100022 50 ome held The Banta Fs railroad said lata rain cutbe nice to the man in an office considerably higher weight ovar the aouthweat strong had improved crop medium to good bull conditions and wheat developed a heavy ters to $20 00 having a green rug say “mister” $23 00 0 25 50 odd $26 00 common to tone Thla condition waa not Improved choice extreme when talking to the fellow vealers $23 00 0 30 00 when trade reports told of heavy move00 noth' ment of (train from farm In th aouth-wetop $31 00 culls down to $18 rug but talk f on sporting a Ad or done earle stockers inr and Into Minneapolis total 10 OOO Salable 1500 baseball to At the close wheet was 4 to 1 J e Hogs golfing fishing c barrows and gilts moatlv lower than Saturday a close July $2 3 i at Slow the feUow that has a blue rug lower than Friday's average 2 33V4 Corn was 3 good and to 2c higher lbs Julv $2 17 17 V $23 50024 23 latbecause that man is top brass Oats wsre un choice 380-25e Jilgher Julv 92’eirt92V4 ter price paid sparingly Very little done changed to and aovbeana wars unchanged to 7 higher on heavier butchers new cows steady at British Exchequer Chancellor Julv S4 14 $17 one 18 00 Toward the close of Tueaday's trading — Hogs CHICAGO June 1 f Sir Stafford is legally correct tha spot market felled to follow the ad- Salab'e 17000 toal 21000: generally vance tn corn The trading basie waa 25c lower than Friday on all weights when he says hi country couldn't called easier because of an estimated acbutchers and sows top $24 75 bulk good have shipped Marshall plan money cumulation cf 318 cara of corn over the and rhoiee 170 to 2°0 lbs $24 0024 50 week end 240 to 260 lbs $22 25 If 23 50 270 to or goods to the yVrabs because he 200 lbs $21 OO f? 2 2 OO 300 to 375 lbs hasn’t received any as yet But $13 25 ft 20 75 400 to 475 lb butchers will he deny that British goods $18 501900 most: good 350 to 550 lb W OOL TOPS sows $17 00 $r 18 25 few lighter weights were given to the and money Dow Close High Change $18 50 good clearance Arabs the 200 0 200 0 199 SB L'nchgd with July — thought that such 13 000 13 000 total Salable Cattle Oct 199 5 199 5 199 OB Unchgd ?ala hie lOOO total lOOO yean- will be replaced from Marshall Dec 198 5 198 5 198 3B Off 5 2 Calve— steers and lings Including yearling plan allocations when received? A light By J A Hogle A Co medium heifers strong to 25c highar weirht and weighty yearling heifers strong British word of honor reply would to 25c higher medium weight and weighty be fullv steady most good and choice interesting INVESTING COMPANIES steers steers and yeanlings $33 0035 00e top on ib to S35 50 I 1300 1200 Sea Strike Improbable Asked Bid short load prime light steers bid offerings most 00 choice fed heifers and $36 good Various U S maritime unions $32 50 47 34 23 two loads choice 1087 lb Colorado topped at 34 75 increased sup- have called a strike for June 15 ply cows weak to $1 mostly &Oc tower cutters $19 00 down most beef cows and it’s lot more senous than at $3100 appears on the surface Maritime $20 001$ 24 00 good cow stock cattle slow management mostly $30 00 down is bold in saying scarce and weak Pres Harry S Truman wouldn’t 2000 1000 total Sheep— Salable mostly allow a strike because of shipping slaughter lambs and small lots ewes 116-lfed steady deck good snd choice decks wroled Iambs $27 00 three good vital foods and materials under 100-l1 No and choice tround pelted the E R P But labor leaders hint limbs $26 50' small lots good to choice native spring limbs $30 003100 good foreign vessels could cargo the snd choice shorn ewes $11 50 cull and stuff while all American flag vescommon down to $600 two loads ewaa b Glllrtta SR Glidden Co Goodall-- GoodyearP Grabam-Gt N Rv pf Gt W Su Grevhiroofl Gulf Oil M Hrt S Hoi Flirn I j Hoi Su etka A Hud K Hud Bay Hud Mtr Hupp CD I Id Pow III Cant rail Induat Ryo' I I Ineptrat Cl Intrik Ir I Int Too bad the accident she had or should we say the wreck? For restful hours— You send the flowers We’ll just enclose a check Harv Tnt M A Cl Int Nlrk Cl Tnt Paper ' Tnt Pap pr Int T A Tt Jnnea A £j Kennecott Krej?t Kress PH Kropee Co Lambert Llf-O-- F L EASTMAN McNALI Lj ir it Mv Lock Aire Loew’s InW Lone P Cel Mar Field Martin J f Warttn-Master FI I Et McGrw Mein Pore I McK R' I I Mid-- HATC H & Company cQi4vc&aice' PHONE 3337 C M las Pet Corp do pf Mont wsrdl Cpl Murrey Nash Kelvi Nat Acme' Nat Blcut1 Vat C Rec Nat D Prd1 Nat Distill Nt Gypsm1 Nat Tesd Nat P 4 I' Nat 8nrlv Vwrnt Mml v T c RR V COP LI N Am ArU I r 8' 30 2 13' 21' 22 12' 991 32 4' 6 3l 9 2 78 27 2374 46 47 48 27M 12H 75 374 28 28 40 20 17' V 65 3A 27 42 61 5 2' 10 12' 2 34 21 6' 7( 10! 1' II l! 2 4 22 l I 29 2 29' 13 32' 44' 23 7' 2 H V4!I I 31V4I ) 98 4A V I 1S' I 3141 21 1 7771 28iJ -39H1 5H I I I ' U V 7 i? 54 21 - - I 98 f J I Mi 1 1 j 22H' 10 V 67 28U- 1 3 Mr I— 18MI 26V '4 40 50 j 33H 62V- - 67HU - IS Mi U H Si S Mi Us H Va H V4 IV I V 28 1 28’ 45V‘ 46VU I 21V' 31' 21 ' 39 i 20 V1 19’ 37 ' 37 ' 37 1 15'16' 1 1 116 13 23 ' 23 ' 234 - V 4 614' 61 '61 ' 36VI 46 16V'- - V1 66 5 66 ' 65 V 4 12 41 12 41 12s J 14 I ur ta ff -- Praised G M For Pay Rise A LIVINGSTON By J WASHINGTON — Charles E Wilson of General president Motors who is looked upon in d some circles as a reac and labor baiter can take tionary a bow It took courage and a sense of philosophy to offer tha United Auto Workers of America an wage boost in the way he did and at the time he did Wilson deserted his peers and broke a management-labo- r log jam Chrysler Corp was down with tt strike Ford had asked the U A W t to take a wage cut General Electric had refused the United Electrical Workers an increase U S Steel had turned down Philip Murray s United Steelworkers of in the America Management heavy goods industries was ’ saying “no third round” Then Wilson pulled the plug At once Chrysler speeded up negotiations with the U A W Ford set June 14 as the date for new wage talks And General Electrio announced it would reopen wage discussions It could hardly do otherwise since Wilson had made the 11c offer to G M’a electrical workers G E tries to match “going wage rates” in the 125 cities in which it operates The G M-A W agreement is epoch making because it incorporates in the contract the principle that the “buying power of an hour of work will increase as the nation’s industrial efficiency improves” Wages are not to be used as the basis for competition between companies The worker isn’t on an economic treadmill He has to get somewhere die-har- llc-an-ho- ur U Valley State Bank Open for Business SOUTH SALT LAKE June 1— Approximately 100 persons were present at the opening of the recently organized Valley State bank Tuesday in temporary quarters at 2511 S State The concern is capitalized at $87500 Robert R Fitts bank president said the institution will be moved directly across the street into permanent quarters in about three months Banking hours will be from 9:30 am to 2 pm daily and 9:30 am to noon on Saturdays he added i Hog Prices Drop Hogs declined ic lb during trading Tuesday at North Salt Lake Union Stock yards closing at 24J4c lb Cattle were steady at 30c lb and sheep unchanged p for lambs All was quiet on produce row at 27c lb for spring and 25c lb old-cro- At?'? T 10-1- tu-tirr- lv 0 V 6 84 6mee 84 22J 64 Ml 64 15' 158 1844U 18! 28 27' 31 7-- Trading volume was good Tuesday on the Salt Lake stock exchange but off somewhat from the brisk level of the past two weeks A total of 62670 shares changed hands including 4300 on the curb This compared with 82660 Friday which included 18900 on the curb The regular summer practice of Saturday exchange closings was initiated last week and Monday was a holiday Ten stocks closed off six even and two up Making gains were New Park which climbed 5c to close at $2 on sales of 700 shares and Kentucky Utah closing up at 2 ic on sales of 1000 shares Heaviest trader was Silver Standard closing at 24 c off c after sales of 21000 shares East Utah North Lily Untie Lead and Utah Wyoming Oil all dropped lc biggest decline of the day T 56 11 39 U 55Vk- l47 Mi 23 H te 5 US'- 86 V spells out a pretty penny in revenue losses for American firms The fashion fair second edition at Madison will be held June Square Garden New York It's an all embracing exposition of women's apparel Four times daily there’ll be a spectacular two-hofashion show staged by Leon Leomdoff of Radio city music hall fame But did you know that to make Miss and Mrs America bananaconscious the United Fruit Co is sponsoring banana colors m rustin toast and beige and will have the big show a girl called “Chi-quiBanana” who will do a peal-ostrip-teas- e performance This it’s your beinga business show correspondent’s duty to go Sheer lack of money puts the hex on sheer stockings In other words milady’s leg glamor is yielding to the thin pocketbood Miss and Mrs American now want heavier hose in place of the filmy cobweb that cost so much but wear out easily Expense of wearing apparel killed that attractive fad and not the long skirts Former Level 25-50- S6Vs 35 SOe 504 OOc 125 62o st 1 71-2- 31HU 36M 58 H! 56 Ve 39 I 39 55 55U 47 46V 23 H 23 56 ' 55 10 9HI 68V4! 66 23 22 Mi 1 9 Vk ' 19HI 67 H 67 28MI 2SS 18H! 18V4I 18MI 26H1 26H’ 40 40 50 50 3384 33 H 634 62 V I v 75 5H 154 136t 36S 19 28 29 V 46 V V 1 12V- 1 V 15 I— 447 21 4 371 37 S I 98 15W’ 45’ 4571- ' - 2V 28 28 7 39 57 44 7 21V 4 33 7771 54 H 15’ in 27'- 4 74! 37 71 6741 §V?I 24 23 H 18 64 M! 10' 1541 I 7! 24! I 121 1! 98 63! 15 22- 2741-2- V 45 H 45 22 84 MS 21 k 31 78 77 5HI 4 44S1 371 21 7 ' 4' 4 71 2 37V 25! 17 Hi T 5 G1 P CONTINENTAL BANK BLDG Challenger Slates New Schedule m 16 3Mle 24 Hi 24 Va- l26 16 40MrU I Mf 1 ‘ I NOTICE Bid will be received by the PurchasDivision of the Commlwlon of Fiing nance of the State of Utah 147 Stat Capitol Building Salt Lake City Utah am June 8 1948 on the until following F OB Salt Lake City Utah: 3 Road OH Distributors s per complete specification at 147 Stat Capitol Building Salt Lake City Utah The Commission of Flnanrt reserves the right to reiect any or all bide or to accept or reject the whole or any bid or to waive any Inpart of any bid formality or technicality in any tn the Interest of the State All bid wui be rejected or awarded within i day after bid opening Only bids giving a firm quotation and definite belli ary date will be accepted J A HOLBZRT Purchasing Agent 6H 45 22 13 10 37 24 M 70 137Va 50 49 i Proc it G Pub 8 Colo Pub 8 N J do 9 pf (3 j Pullman Pure OH Radio Crp Readier Rem Randi Rep Avia i 14 120 Rep Steel 1 3t Rey Tob 34l I Total curb sa Tuesday share year 10 172 845 shares I 124 35 26 r7 I 7' A 1 V V I 36 Co North Pacj 40 25 H 7i 16S Nrthw Atrii 401k Ohio Oil t 161 Pa c G £ lJi Pack Motrt 91 Pan-Air 28 Param pic 104 3 Pk Lt C Mi Parke Davj 10 81 4941 Penney JCt Penn R R 59 20 H Pepsi-Col- a South Rv Sperry £or! 74 Spleeel Inc K ‘Ti Std Oil $4Calp 7 Sfd Oil Ind 49 41 49741 Std Oil 1 28 71' 2771 24V Stert DruRi 7 3 74 st it Web 3'4 5x 5S 5’ Corp - 4 Stud Sunshine M 27 27 27’ - 1 3 44 477147Vj' Teiautogr V 108 1171 10’ 10’ - 7 Texas Cn 27 Tex G Pro 38 39 Tex G Sul 8H 19 9 5 671'- - V4 T P L Tr 6414' 6341 Thermold 6 1711 64 ’ 65 I T W’ A Oil! 79 78 79 V Timk R B 25 ’4 23 v 25’ 34 41 33H1 S Transamer 1461 1471 14 11 TAW Air So' 377' 171 Ed 77' 14 N Oil Vultaa 140 17 Can Mntr 20 0 Prod 01' 27 IO Co 77' CAS 15 371 Crwn Zell Cub-4' Pual Curtta Publ 34 10HI 10VI 1071 73 7 V rl 542' 8 8 COrtlaa 8 2471 24 24 do A 474 Deer A Cl Ill 44 47 Cop NEW YORK CURB ii 000 Low Cloae High Industrials 192 00 190 29 191 16 Rails 60 46 60 88 6115 Utilities 35 93 35 54 35 70 65 8toeks 70 80 70 11 70 48 Bonds 100 64 u 07 Commodities 14t 17 off 1 10 By J A Hogie A Co Sou I 1300 Volum 8conv-V- I Hisii portation agencies agreed Tuesday United Air Lines reported it is booked four months in advance on many overseas destinations and m AVERAGES S I 101 I I 8 Utahns Take Brisk Interest In Travel Agencies Note Salt Lakers are taking a brisk interest m foreign travel trans- 21 17 12 90 74 Philippines Hike S L Exchange Wood Export Volume Off To 50 Friday GET WANDERLUST m I Saiee la hundred 9 4 4si 4t 84c MARKET ! fj score Ntnetythret 90 acore L STOCK r Pe 4ii Butter 70-64- Chg P 5 2010 Am a T 2Ha 7 5 Am T Am Tobae-- o li 69 4 s a a 95 A O 6t 95 J £ Oo 5a 96 o So cv 2010 Can 4i perp Ceo Par 1st 4s 49 C M S P P Inc 4H 2010 4o nr 2044 do 4 94 T a R G W 34s 93 i Fn 4 Vjt 2013 Illinois Control 4Vi SO Ltggeft a Myer 3s 51 I V 6 P 8 8 M 4s 91 Mo Poe 5'4 49 do 3o i 8 Q i do 3 80 H 41 73 do Hi r 5 2013 Cnt do 2C3 A do cb 4s 9S Nor Par 3 2047 Peon R R 111 32 So Par 4 4 s 81 do 4H Or 77 Bo Rye 4s 5S Union 4 14 501 Weiera Wilson 3s 38 w-C Mitral 4s 49 (Wholesaler to retailer cartoned) Grad AA 55 6 59c grad A lare 55c medium 53c grade B large 51 © 53c NEW YORK June 1 UT —Oil stocks went ahead in high gear in Tuesday'a market while other is78 sues didn’t get very far one way or the other Many of the oils scored new turns a merchandising principle for the year or longer with highs of long tradition and creates con 2 gains of fractions to around fusion for consumer of everything points Changes elsewhere were from soup to steam engines” a close mixture of small gains and losses Aircraft motor and railroad S GRAIN FUTURES stocks leaned to the minus side Steels did better than most others CHICAGO June 1 IAP) Open Turnover perked up a little from W beat— 1240000 shares but the July $2 34 Friday’s 2 33 Vs Sept of 1300000 shares was well total 4 Dec 2 33 Mar under several recent fast sessions 232 W Corn— The Associated Press average of 2 16 July Sent 60 stocks advanced 1 of one point 193 1 68 Dec to 71 Of 1032 Issues traded 397 1 69 H Mar Oata — advanced and 417 declined Juiv 924 Oil stocks have stayed well in 65 Sept Deo 86 front of the spring rise in the 65 Mar £o beans — market They have had the beneJulv 415 fit of brilliant earnings reports 3 30 Nov Lard — Plans for future expansion involv22 80 Julv 23 15 ing billions of dollars huge Sept OcL 23 95 Tuesday and the strong Vov 23 05 Dec prospect of still larger demand Wednesday and the Thursday The report which Standard Oil (N J) gave its stockholders at CHICAGO the annual meeting Tuesday was toes— Arm ais JOS’ on track 308 total U 9 shiprrents Friday 937 Saturday 422 typical F W Abrams chairman Sundar seven and Monday 528 supplies estimated that earnings for the moderate demand rood especially for red first six months this etocks market firm to a'lghtly stronger year will Alabama Bliss Triumphs $5 00 California total $210000000 equal to & little Biles Triumphs $5 4Q long whites $4 10 4 5 25 Florida Blse Triumphs $5 00 old more than $750 a share and the stocks Minnesota-NortDakota Rkd River highest six months net in the comCobblers valley Rita Triumphs 12 00 pany’s history $2 10 early Ohio $2 25 BONDS CkM Oil Stocks Hit New Higlis On N Y Mart TkkS chine would have a multiplicity of prices The price to you would depend upon where you live "We hope the court will speedily clarify its opinion And we hope too that it will proceed cautiously before it in one gesture over- NEW YORK BONDS IB CIOOO METAL QUOTATIONS Copper Lead jZinc Silver (U 8 Sliver (Htnf’v A Hannon N Y B f J A Hogle Co Intermountain Business News Mines and Markets STOCK A3 CRAG£S Nt I w Last Ch H'xn 2 79 7 0 97 5 44 6 44 1 44 4 -- 1 1 42 3 419 42 1 1 714 70 6 710 By THE SHIFT BOSS In two previous article this column touched upon the impact and potential effect upon the con traction industry and trade association of the recent supreme court decision outlawing’ basing point pricing in the cement in 21 2 1948 high-choic- b b unsold sels stay strike stuck If so it 125 SOUTH MAIN ST THOMAS T TAYIQR PrtiliLZ |